I love their games and want to hold this stock, but it's too damn high and might even go higher ahead/after E3 2019. End of 2018 showed us this stock can easily shed half its value for some reason. I guess buyers couldn't believe how lucky they got that past year and jumped ship first sign of trouble. And rightly so. As pretty much all currencies, the Polish zloty is down against the dollar, but markedly little. Poland seems to still be going strong. P/E is an insane 189, dividend yield 0.51%, even doubling wouldn't do much. Margins are down, income is down. I think soon everyone will have 'bought the rumour' and soon 'sell the news' will hit, especially given the general market conditions. I think I should try and build a short position from the top of E3 hype and from the top of Cyberpunk 2077 enthusiasm, but idk how easy it is to short Polish stock in my bank and whether it's even a good idea at all. Probably going to stay hopeful for a dip to ~100.
Trade active
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I contrarian'ed myself with this one and LONGED at 219.10 with a small bit. We're over ATH, no known resistances, E3 and Cyberpunk hype will get bigger still. If my initial prediction comes true and CDR starts moving like the market in general...well I guess I'll have to average down then : )
@baker13, yeah well I expected ~E3 to have this effect and am not in a short yet. My regular bank web page doesn't even allow shorting this. Gotta look into something like IB to actually get a short going.
baker13
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@LauriElias, you still have a lot of time for this
LauriElias
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@baker13, may be a good idea to wait for E3 hype to play out.
baker13
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@LauriElias, i heard that they are going to present new project during E3